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Third of Londoners fear having to move due to housing costs

A new survey shows the extent of Londoners' fears over housing costs Credit: PA

One in three Londoners fear having to move out due to the rising cost of housing in the capital.

A new survey by the Chartered Institute of Housing found that 34% of people agree they might have to leave their local area in the future, because the cost of housing is too high.

That's compared with 20% across the rest of the country.

The survey also found that 3 in 10 people living in London are concerned about being able to pay their rent or mortgage and 36% said concerns about housing costs are causing them a great deal or a fair amount of stress.

The survey also showed that Londoners are more unhappy with their homes than the average person in Great Britain.

18% per cent say they are very or fairly dissatisfied with their home compared to just 12% across the nation.

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  1. Simon Harris: Political Correspondent

London house prices rise by a staggering £4,500 a month

House prices in London are going up by a staggering £4,500 a month, according to a new survey. The figures come after new warnings about the risk posed by the capital's overheating housing market to Britain's economic recovery.

Credit: PA

The latest House Price Index compiled by the website Rightmove graphically illustrates the surge in London property values.

House prices 'at strongest level' for years

House prices have been rising over the past few years Credit: REUTERS/Andrew Winning

Surveyors have reported that house sales have lifted to their strongest levels in six years.

The report, from the Royal Institution of Chartered Surveyors, comes with expectations that property prices are set to life even higher across the country.

However, there are also signs the pace of house price growth seen in London could cool later in the year.

House prices 'rising by over £700 a day' in parts of London

Estate agents who market property in some of the most exclusive parts of London claim it's rising on average by more than £700 a day.

House prices are rising in London Credit: ITV News

Marsh and Parsons' say that the average current price for three bedroom properties in 'Prime London' is £1,670,339.

They say that properties in their portfolio appreciated by 19% in the last year, fuelled by increasing interest from both foreign and British investors.

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